The eopusted trial balance loe the year of Batfamo Coupcrathon at Ifay 31,2021 , followi. IIA (Coch ithe ioin to virw the adyutes trial talance) Pwad the sparements Degin by pusaring-Baramos 2021 income satemate BatsameCorporationGacomeStatementYeaiEndedMay3t,2t>1 Incoine telore tw The adjonted frial balance lot the yeat of Balsamo Copporation at May 31, 2021, folkws Read the resucceitents Requhemem 1. Prepare Bulsamo Corporutionis 2021 single otep income statement, valement of rutained eamings ard balance ahee! Beats by prosartag Bakamos 2021 incoren statement Requirements 1. Propse Balxams Corpration's 2021 shole-atep incomie blatement, saberwent af iutahad eamings. and halance aheet 2. Bakamo's iensers require lfat the conpacty maintain a detet rate no higher than 6.56 Catculate ilahamo's ifebt rabio it May 31, 20.21, ts dedemine whather the cempamy is in cong llance with thit debt realticfon. If not, wagpeat a way that Ealsamb could have avoided this dificull situaton Requirement 1. Prepare Balsamo Corporation's 2021 single-step income statemer Begin by preparing Balsamo's 2021 income statement Data table